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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers Monday: OEX; ANT; CASY; EQIX; JNPR; QADI; SERO; SOHU
Best Plays:
1) CYD: Making a higher volume bounce off the 50 day MVA.
2) AOT: Breaking out of a nice flat base.
3) CRA: Looks ready for a breakout.
4) EMBT: Nice test of the 18 day MVA as volume rises.
5) KEYN: Volume is rising as it works toward a breakout.
6) SCKT: Nice 18 day MVA test.
7) TEO: Volume continues to surge as pressure builds for a breakout.
NEW PLAYS:
Upside:
Play Date: 11/24/2003
AOT (Apogent Tech--$23.14; +0.62; optionable): Medical instruments
http://biz.yahoo.com/p/a/aot.html
STATUS: Flat base. AOT is in the process of breaking out of a 14 week flat base, the base sporting outstanding 6 to 1 accumulation (6 up price weeks on rising volume to 1 down price week on rising volume). Money flow is surging and volume Monday was very strong as it broke out, something unusual in the Monday action. That makes AOT a standout, and we are looking to move in on a furhte volume run.
Volume: 616.7K Avg Volume: 269.863K
BUY POINT: $23.28 Volume=405K Target=$27.95 Stop=$22.32
POSITION: AOT DX - Apr. $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/aot.html
Play Date: 11/24/2003
CYD (China Yuchai--$29.31; +3.56; optionable): Chinese diesel engines, generators and parts
http://biz.yahoo.com/p/c/cyd.html
STATUS: 50 day MVA test. CYD exploded on the scene in August, breaking out of a 4 month flat base. It was a late surger from the China market, but it blasted over 35 to start the month and then tanked a couple of weeks back. It has come back to the 50 day MVA (24.97); this is where strong stocks hold and start back up. After a second test of the 50 day last week, CYD blasted higher again Monday on a big surge in above average volume. Ready to pick it up on a further volume move. Fundamentally solid as well as a good 50 day MVA test.
Volume: 4.247M Avg Volume: 2.273M
BUY POINT: $29.55 Volume=3.5M Target=$37 Stop=$28.05
POSITION: CYD BF - Feb. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/cyd.html
Play Date: 11/24/2003
CRA (Applera--$13.98; +0.74; optionable): Medical labs
http://biz.yahoo.com/p/c/cra.html
STATUS: Cup w/handle. CRA is in the process of breaking out of a 6 month base sporting outstanding 9 to 3 accumulation. We have been watching CRA for awhile as it worked in its three week handle on mostly lower volume. After a test toward the 50 day MVA (12.51) late last week, CRA started up on rising volume. Monday it shot higher toward the breakout though volume faded back to just below average. Money flow is breaking higher, surging ahead of price even as relative strength breaks out as well. Looks solid and this may finally be the breakout move.
Volume: 544.8K Avg Volume: 547.772K
BUY POINT: $14.12 Volume=809K Target=$16.95 Stop=$13.13
POSITION: CRA CV - Mar. $12.50c (72 delta) &/or Stock
http://www.investmenthouse.com/ct/cra.html
Play Date: 11/24/2003
SNDK (Sandisk--$79.85; +3.31; optionable): PC Data storage devices
http://biz.yahoo.com/p/s/sndk.html
STATUS: 50 day MVA test. SNDK has been one of the leaders with its digital camera memory cards. It blasted out of a 5 month cup with handle base in April, rallying up the short term MVA before a 50 day MVA test in August. That acted as support and blasted the stock higher for another 5 bounces up the 10 and 18 day MVA. It has again come back to test the 50 day MVA (74.54) on the Friday low and jumped off that level again, moving over the 10 and 18 day MVA (79.45). Volume was lower, and we want to see more volume on these 50 day MVA bounces. A strong performer, we want to catch some of the rally higher from here.
Volume: 3.321M Avg Volume: 3.634M
BUY POINT: $80.32 Volume=3.5M Target=$92.35 Stop=$78.88
POSITION: SWQ AP - Jan. $80c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/sndk.html
CONTINUING PLAYS:
Upside:
Play Date: 11/05/2003
AMXC (AMX Corp.--$6.12; 0; no options): Semiconductors
http://biz.yahoo.com/p/a/amxc.html
STATUS: Cup w/handle. Still working on the handle to its 13 week base, holding over the 18 day MVA (5.96), showing a doji on continued below average volume. Money flow is still rallying even as the price moves laterally. Good action in the base and looking for storng volume on a move through the buy point.
Volume: 31.436K Avg Volume: 113.727K
BUY POINT: New: $6.65 (orig. $6.27) Volume=151K Target=$8.12 Stop=$6.04
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/amxc.html
Play Date: 11/05/2003
CPHD (Cepheid--$6.57; -0.03; no options): Scientific & technical instriments
http://biz.yahoo.com/p/c/cphd.html
STATUS: Flying plateau. Not much change as it continues to move over the 10 day MVA (6.43). It continues this flat consolidation after its 12 week ascending triangle. It tried the breakout Monday but faded back as volume rallied toward average. Huge money flow and relative strength broke out on the breakout move. Just waiting for the break higher on a bit better volume.
Volume: 248.037K Avg Volume: 255.409K
BUY POINT: New: 6.78 (orig. $6.15) Volume=338K Target=$7.88 Stop=$6.34
POSITION: - Stock (no option chains)
http://www.investmenthouse.com/ct/cphd.html
Play Date: 10/06/2003
EMBT (Embarcadero Technologies--$14.48; -0.01; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Test 18 day MVA. EMBT has surged well since its mid-October breakout. It is making its first 18 day MVA (14.31) since that break higher. Friday it held the 18 day on rising, above average volume. That indicates the stock is ready to move back up. Looking for a break over the 10 day MVA on continued strong volume to take new positions.
Volume: 358.588K Avg Volume: 304.772K
BUY POINT: New: 14.88 (orig. $11.24) Volume=350K Target=$17.88 Stop=$14.27
POSITION: MBQ BB - Feb. $15c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/embt.html
Play Date: 11/17/2003
KEYN (Keynote Systems--$12.1; +0.27; optionable): Internet software & services
http://biz.yahoo.com/p/k/keyn.html
STATUS: Flat base. KEYN is working on the breakout from an 8 week flat base that has formed over the 18 day MVA (11.88). Monday volume was up to average as it moved off that level and moved toward the breakout. Money flow is surging up ahead of the stock price and relative strength is ready to make the breakout. Solid 3 to 0 accumulation in the pattern, and just looking for some beter volume on the next move.
Volume: 120.339K Avg Volume: 90.09K
BUY POINT: $12.32 Volume=200K Target=$15 Stop=$11.65
POSITION: NKU DB - Apr. $10c (90 delta) &/or Stock
http://www.investmenthouse.com/ct/keyn.html
Play Date: 11/15/2003
KVHI (KVH Industries--$30.97; +1.08; optionable): Telecom equipment
http://biz.yahoo.com/p/k/kvhi.html
STATUS: Double bottom w/handle. Continued moving higher Monday but volume fell off the table, not want we want, but it is still below the buy point. Just need to see that volume ramp up as it makes the break from its 10 week basek showing solid 4 to 1 accumulation.
Volume: 121.758K Avg Volume: 350.909K
BUY POINT: $32.02 Volume=536K Target=$38.45 Stop=$30.35
POSITION: VJC CF - Mar. $30c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/kvhi.html
Play Date: 11/11/2003
LTXX (LTX--$15.99; +0.49; optionable): Chip equipment
http://biz.yahoo.com/p/l/ltxx.html
STATUS: Double bottom with handle. Good volume Monday as LTXX continued the move off the 18 day MVA (15.03). It stalled out at 16 again Monday, but looks well positioned for the next break higher.
Volume: 1.105M Avg Volume: 860.181K
BUY POINT: $16.68 Volume=1.2M Target=$19.85 Stop=$15.51
POSITION: UXT BC - Feb. $15c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/ltxx.html
Play Date: 11/22/2003
NOVL (Novell--$9.08; +0.61; optionable): Application software
http://biz.yahoo.com/p/n/novl.html
STATUS: Testing the 18 day MVA. NOVL jumped off the 18 day MVA (8.06) last week and is continuing the move. Looks ready for more. Super money flow and relative strength.
Volume: 8.747M Avg Volume: 6.065M
BUY POINT: New: $9.22 (orig. $8.82) Volume=10M Target=$10.62 Stop=$8.22
POSITION: NKQ BU - Feb. $7.50c (72 delta) &/or Stock
http://www.investmenthouse.com/ct/novl.html
Play Date: 11/03/2003
SCKT (Socket Communications--$3.83; +0.08; no options): PC networking
http://biz.yahoo.com/p/s/sckt.html
STATUS: Breakout test. After breaking from a nice 12 week base and rallying over 4, SCKT has come back to test the move on lower, below average volume, holding at the 18 day MVA (3.70). Super money flow is leading higher as the stock holds the 18 day. Looking for a bounce up from here for new or additional positions.
Volume: 283.126K Avg Volume: 409.5K
BUY POINT: New: $4.02 (orig. $3.61) Volume=526K Target=$4.55 Stop=$3.66
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/sckt.html
Play Date: 11/22/2003
SERO (Serological--$17.72; +0.9; optionable): Biotechnology
http://biz.yahoo.com/p/s/sero.html
STATUS: Cup w/handle. Hit the buy point right at the bell on solid, above average volume. Looks good with a relative strength breakout as the stock moved to breakout from its 17 week base showing solid 6 to 3 accumulation. Looks ready for more and still a buy.
Volume: 107.519K Avg Volume: 520.818K
BUY POINT: $17.72 Volume=700K Target=$21.25 Stop=$16.32
POSITION: HUS DW - Apr. $17.50c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/sero.html
Play Date: 10/27/2003
TEO (Telecom Argentina--$8.00; 0.00; no options): Foreign telecom services
http://biz.yahoo.com/p/t/teo.html
STATUS: Testing the breakout. TEO is still at the 18 day MVA (7.85) after breaking out of a 4 month cup with handle base in late October. Friday and Monday volume shot higher, rising well above average as the stock traded in a tight range over 8. Looks ready for another move higher from here. Surging money flow and excellent relative strength.
Volume: 642.1K Avg Volume: 386.136K
BUY POINT: New: $8.24 (orig. $7.26) Volume=511K Target=$9 Stop=$7.76
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/teo.html
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock recommendation
stock pick
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